The point of tangency between a consumer's budget constraint and his or her indifference curve represents
a. complete satisfaction for the consumer.
b. the equivalence of prices the consumer pays.
c. constrained utility maximization for the consumer.
d. the least he or she can spend.
c
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Operations of the Trading Desk of the Federal Reserve Bank of New York are typically conducted
A) no more often than once per week. B) within a one-hour period during each day. C) no more often than once per month. D) once a year.
The size of the expenditure multiplier is influenced by
i. the marginal propensity to consume. ii. autonomous spending. iii. the marginal tax rate. A) i only B) ii only C) iii only D) i and iii E) ii and iii
What are some of the long-run costs of tariffs?
What will be an ideal response?
__________ are the best example of securities that trade primarily in a brokered market
A) Common stocks B) Corporate bonds C) Municipal bonds D) Tombstones